Mortgages are secured loans, credit cards are unsecured. Banks need to use risk as a pricing model for unsecured debt to an even greater extent because there is no underlying asset.

which does not address the underlying failure of the free market to adequately regulate the effect on the consumer. Irrisponsible borrowers should not be extended credit period, and banks should not be in the practice of depending on them for profit (that's called taking unfair advantage of people).

This bill just requires banks to go back to being responsible lenders who make money on their loans.